Set on a half-acre and built in 1997, the Mediterranean-style home is set behind gates at the end of a cul-de-sac. “All remodeling was done by the current owners,” states the listing. There is an 850-square-foot gym, a hair salon, a paneled office/library with a shark tank, a theater, four bedrooms and seven bathrooms in the two-story house. The grounds include a swimming pool and spa, lawn, a fire pit and an outdoor kitchen.

The property last sold for $1.7 million in 1997, public records show.

TMZ.com reported back in January that Vanessa Bryant had sold a 6,000-square-foot Newport Coast home for $3.22 million. The two homes -- labeled on the map below -- are literally right around the corner from each other. Vanessa's mother was reportedly living in the smaller of the two homes, which was originally listed in Sept. 2012.

The Bryants recently sold a house located right around the corner from the one they recently listed. (Google Maps)

Magnificent Mediterranean Estate! Set behind massive private gates in a prestigious guard gated community is this recently expanded, reconstructed and highly upgraded custom estate. ALL remodeling was done by the current owners! Boasting unobstructed ocean and city light views, the setting is truly spectacular! Set at the end of a cul-de-sac, with complete privacy, the two story floor plan spans approx. 8500 sq ft. Interior attributes include all new 850 sq ft gym, hair salon, and a large paneled office/library with a shark tank. In addition, there is a dramatic master suite with sitting room, large marble bathroom and a newly added tremendous finished walk in closet. In addition there is a newly built separate staircase leading to the all new state of the art theater, lobby and wet bar. New interior finishes include limestone and solid walnut flooring, limestone capped staircases, and much more. The resort quality grounds are graced with an extra deep custom pool and spa with water features, lush manicured lawns, fire pit and an outdoor kitchen/ BBQ center! This is a one of a kind estate!

The 15-time All-Star has earned more than $249 million in salary during his 17-year career and he is set to make $30.5 million in 2013-14, making him the NBA's highest-paid player. Bryant ranked second among NBA players on Sports Illustrated's "Fortunate 50" ranking of the top-50 highest-earning professional athletes back in May.